Company No: 01874274 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

		2023		2022
		£		£
Current assets
Debtors	3	10,000		10,000
		10,000		10,000
Net current assets		10,000		10,000
Total assets less current liabilities		10,000		10,000
Net assets		10,000		10,000
Capital and reserves
Called-up share capital		10,000		10,000
Total shareholders' funds		10,000		10,000

David King (Farms) Limited (registered number: 01874274) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of David King (Farms) Limited (registered number: 01874274) were approved and authorised for issue by the Board of Directors on 13 October 2023. They were signed on its behalf by:

Mr J D Tremlett Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

David King (Farms) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Chicksgrove Manor Chicksgrove, Tisbury, Salisbury, SP3 6NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102
- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The company was dormant and has not traded during the year.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

	2023		2022
	Number		Number
The average number of persons employed by the company (including directors) during the year.	2		2

3. Debtors

	2023		2022
	£		£
Amounts owed by Group undertakings	10,000		10,000

4. Related party transactions

Debtors include an interest-free loan of £10,000 (2022: £10,000) owing from the parent company that is repayable on demand.